N.M. Stat. § 7-1-51
This is the official text of N.M. Stat. § 7-1-51, part of New Mexico’s Stat — part of the compiled statutory law of New Mexico, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 7-1-51. Proceeds of levy and sale
Official statutory text
A. Money realized by levy or sale under provision of the Tax Administration Act shall be first applied against the expenses of the proceedings;
B. The amount, if any, remaining shall then be applied to the liability for tax in respect of which the levy was made; and
C. The balance, if any, remaining shall be returned to a person legally entitled thereto.
B. The amount, if any, remaining shall then be applied to the liability for tax in respect of which the levy was made; and
C. The balance, if any, remaining shall be returned to a person legally entitled thereto.
Status: in_force
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